The Presidential Advisory Committee against Corruption, PACAC, has revealed that Nigeria received 8,000 whistle blower tips in one year.
Prof. Bolaji Owasonoye, the Executive Secretary of the Committee at a function in New York, said the policy had been successful.
Owasonoye said: “Just a few weeks ago, PACAC, in collaboration with Federal Ministry of Finance, looked at one year of that policy.
“We looked at what has worked, where it has not worked very well, what we can improve and it came there that the policy has been resoundingly successful”.
He however said not all the tips received yielded the desired result, adding that the committee would review its operation.
“That doesn’t mean we shouldn’t review where we were, which was what we were doing at that event. Over 8,000 whistles received, some of it have yielded very good results”, he stated.
The Professor also explained that a whistle blower might not get up to five per cent of the recovered loot, if the amount is very huge.
“The policy states that a whistle blower who gives a whistle that leads to cash recovery can earn up to five per cent of the amount recovered. Indeed, there’s a scale.
“The higher the amount that is recovered, the lower that you get. But if your whistle leads to the recovery of a lower amount, you can get the maximum of a five per cent.
“So there’s never been problem just that the public didn’t understand how this policy is supposed to operate. So there’s a scale. So if you blow the whistle and something like a billion naira, you can earn up to the five per cent.
“If it’s above a billion, under five billion, you get may be up to 2.5 per cent or four per cent; it’s graduated. And all over the world, that’s the way it is,” he added.